Description:Whether or not the ECB partied after its rate cut, it certainly woke up with a headache: France. The euro zone's second- biggest economy served up a double dose of bad news. First - a downgrade from credit agency Standard & Poor's - seen as a thumbs down to President Hollande's efforts to put the economy back on track. Even if Finance Minister, Pierre Moscovici, waved aside the news with a gallic shrug.(2:21)